What information is required to be disclosed about P & L A/c?

Minimum Information on the face of Statement of Profit and Loss

• On the face of statement of profit and loss, 'revenue from operations' and 'other income' are to be presented; besides, 'expenses' are to be presented as under :
• Cost of materials consumed
• Purchases of stock-in-trade
• Changes in inventories of finished goods, work-in-progress and stock-in-trade
• Employee benefits expenses
• Finance costs
• Depreciation and amortisation expenses
• Other expenses
• Total expenses
• Separate line items on the face of statement of profit and loss are required to present :
• Profit before exceptional and extraordinary items and tax
• Exceptional items
• Profit before extraordinary items and tax
• Extraordinary items
• Profit before tax
• Tax expense :
• Current tax
• Deferred tax
• If there is a discontinuing operation, further separate line items are required to be presented on the face of the Statement as follows :
• Profit/(loss) for the period from continuing operations
• Profit/(loss) from discontinuing operations
• Tax expense of discounting operations
• Profit/(loss) from discontinuing operations (after tax)
• Finally the profit (loss) for the period and basic as well as diluted EPS have to be shown on the face of the statement of profit and loss.